What is it? Ransomware is malware. The hackers demand payment, often via Bitcoin or prepaid credit card, from victims in order to regain access to an infected device and the data stored on it.

Why does it matter? Because of the ease of deploying ransomware, criminal organizations are increasingly relying on such attacks to generate profits.

Who does this affect? While home users have traditionally been the targets, healthcare and the public sector have been targeted with increasing frequency. Enterprises are more likely to have deep pockets from which to extract a ransom.

When is this happening?Ransomware has been an active and ongoing threat since September 2013.

How do I protect myself from a ransomware attack? A variety of tools developed in collaboration with law enforcement and security firms are available to decrypt your computer.

Sanders adds: “For those who have been infected, theNo More Ransomproject — a collaboration between Europol, the Dutch National Police, Kaspersky Lab, and Intel Security — provides decryption tools for many widespread ransomware types.

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6 Replies to “Ransomware: Even Worse Than the Name Implies”

The phenomenon of video games becoming more lifelike has fascinated me for over a decade. Now, with the emergence of virtual reality it seems that this trend will only continue until there is little distinction between virtual reality and base reality. It’s rather creepy that hackers have found a way to mimic a crime that has been used in the absence of anything electronic for hundreds of years. In the age that gives criminals an entirely new platform upon which to commit crimes, society should anticipate and prepare counter measures to never before seen crimes.